SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 1)*


uBid.com Holdings, Inc.
(Name of Issuer)
     
Common Stock
(Title of Class of Securities)
         
 
903468106
 
 
(CUSIP Number)
 
         
 
December 28, 2007
 
 
(Date of Event Which Requires Filing of this Statement)
 


Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 
o
Rule 13d-1(b)
 
x
Rule 13d-1(c)
 
o
Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).







Page 1 of 4 Pages

 
 

 

SCHEDULE 13G
CUSIP No. 903468106
 
Page 2 of 4 Pages

1
NAMES OF REPORTING PERSONS/I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
Theodore Deikel
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)*                (a)o
                                               (b)o
 
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
U.S.A.
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
5
SOLE VOTING POWER
 
2,248,840
 
 
6
SHARED VOTING POWER
 
0
 
 
7
SOLE DISPOSITIVE POWER
 
2,248,840
 
 
 
8
SHARED DISPOSITIVE POWER
 
0
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
2,248,840
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)            o
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
12.4%
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
IN

 
 
 

 

 

Item 1(a)
Name of Issuer:
   
 
uBid.com Holdings, Inc.
   
Item 1(b)
Address of Issuer’s Principal Executive Offices:
   
 
8725 W. Higgins Road
 
Suite 900
 
Chicago, IL 60631
   
Item 2(a)
Name of Person Filing:
   
 
Theodore Deikel
   
Item 2(b)
Address of Principal Business Office or, if none, residence:
   
 
4400 Baker Road
 
Minnetonka, MN 55343
   
Item 2(c)
Citizenship:
   
 
U.S.A.
   
Item 2(d)
Title of Class of Securities:
   
 
Common Stock
   
Item 2(e)
CUSIP No.:
   
 
903468106
   
Item 3
If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:
 
(a)
o
Broker or dealer registered under Section 15 of the Exchange Act.
(b)
o
Bank as defined in Section 3(a)(6) of the Exchange Act.
(c)
o
Insurance company as defined in Section 3(a)(19) of the Exchange
   
Act.
(d)
o
Investment company registered under Section 8 of the Investment
   
Company Act.
(e)
o
An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E).
(f)
o
An employee benefit plan or endowment fund in accordance with
   
Rule 13d-1(b)(1)(ii)(F).
(g)
o
A parent holding company or control person in accordance with
   
Rule 13d-1(b)(1)(ii)(G).
(h)
o
A savings association as defined in Section 3(b) of the Federal
   
Deposit Insurance Act.
(i)
o
A church plan that is excluded from the definition of an investment
   
company under Section 3(c)(14) of the Investment Company Act.
(j)
o
Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
 
 
Page 3 of 4 Pages
 

 
 
 

 

Item 4
Ownership 
   
 
See Cover Page, Items 5 through 11
   
Item 5
Ownership of Five Percent or Less of a Class:
   
 
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following o.
   
Item 6
Ownership of More than Five Percent on Behalf of Another Person:
   
 
Not applicable
   
Item 7
Identification and Classification of the Subsidiary Which Acquired the
 
Security Being Reported on by the Parent Holding Company:
   
 
Not applicable
   
Item 8
Identification and Classification of Members of the Group:
   
 
Not applicable
   
Item 9
Notice of Dissolution of Group:
   
 
Not applicable
   
Item 10
Certifications:
   
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 
SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.


Dated: January 2, 2008
   
        
   
/s/ Theodore Deikel
   
Theodore Deikel

Page 4 of 4 Pages